Marion Indiana Portfolio

Marion Indiana Portfolio

Available

Overview

Capstone Manufactured Housing is pleased to present the Marion Indiana Portfolio. This offering features 296 sites across three communities, which are located within a 1-mile radius of each other. The proximity allows for shared staffing, reducing costly payroll and management expenses. Furthermore, the communities are all serviced by public water and sewer, which the residents pay for through submetering. A new owner can increase cash flow by passing on the trash charge back to the residents. Alternatively, a new owner can increase cash flow by focusing on filling the vacant sites. The portfolio is currently 42% occupied, with 41 vacant park owned homes. At the $315 average lot rent, filling those 41 homes would increase revenue by nearly $155,000. This offering presents the opportunity to acquire three well-maintained communities with tremendous value-add potential.

properties

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
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